March 2014

WTI Prices Drops on Talks between US and Russia

Futures for the West Texas Intermediate (WTI) crude started the trading week trading lower on Monday, falling from its three-week high as the US and Russia agreed to have talks to solve the crises over Ukraine.

Futures for the West Texas Intermediate (WTI) for May delivery edged 0.25% lower to $101.40 a barrel at the time of writing on the New York Mercantile Exchange. While Brent crude for May settlement declined 0.20% to $107.86 a barrel on the ICE Futures exchange at the same time. The European benchmark crude was at a premium of $6.48 to WTI. Read more

Euro Dragged Lower by Eurozone Weak CPI Figures

The euro weakened against the US dollar on Monday, dragged lower by the disappointing Consumer Price Index from the euro zone.

Eurozone’s inflation for March slowed to the lowest in four years, coming in below analysts’ estimates and could point out the next step the European Central Bank (ECB) may take at its next meeting due on Thursday. Some analysts are expecting the central bank to announce easing measures to boost the weak inflation.

The euro dropped 0.06% lower to $1.3743 per dollar at the time of writing, following the release of the data. Read more

Oil Prices Trades Higher as Ukraine Crises Remains in Focus

Oil prices extended gains on Friday as supplies in Cushing, Oklahoma declined and the tensions in the Ukraine remains in the spotlight.

The Northern American West Texas Intermediate (WTI) crude climbed 0.28% at $101.57 a barrel on the New York Mercantile Exchange at the time of writing. While futures for Brent crude, added 0.03% to $107.88 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude was at a premium of $6.38 to WTI. Read more

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Gold Declines as US Economy Shows Signs of Strength

Gold has been on an up and down trend in recent weeks, as tensions in Ukraine are pushing people toward the precious metal, while other factors are leading investors to other markets. The latest news on U.S. interest rates led gold to fall the most in 13 weeks, as investors don’t want to purchase this metal with the potential for rates to rise, according to Bloomberg.

Federal Reserve Chair Janet Yellen said that the bank’s benchmark rate could increase six months after monetary stimulus ends, which should be later this year. Following this announcement, gold dropped 3.1 percent. Read more